Vancouver, British Columbia, 16 Momme – SILVER X MINING CORP. (TSX-V: AGX) (OTC QB: AGXPF) (“silver X” or which – which”company”) is pleasedTo provide an operational update for April 2022.
Main data April 2022
– In April it was 61.412 ounces of silver equivalent (ounce AgEq*) While continuing to increase production to the original target of 150,000 ounces of silver equivalent per month.
– Average main salary at FifthProcessing plant 9.59 oz AgEq* per ton in April at 2.05 ounces per ton, 1.23% Lead per ton 1.20% Zn per ton 0.16% copper per ton and 1.31 grams per ton Au. The plant achieved a weighted joint recovery of approximately 72%.
– Sales in April were around $1,190,000161 tons of silver – lead – gold concentrate and 120 tons of zinc concentrate were sold.
– Viamedium silver-lead-golddegrees of focus Included 77,213 ounces per ton, 42.851% Lead per ton 4.872% copper per ton and 48.85 grams per tonne Ag (1.571 ounces per ton).
*subordinate AGaq– value based on a1,934.47 per ounce Au, $24,541 per ounce Ag, 2,39674 dollars per ton Lead4,371.03 dollars per ton Zn And 10,183.13 dollars per ton copper.
processing plant noiva recovery I tookIt fully resumed operations in April after completing its factory expansion and renovation in the first quarter of 2022 (see Press release from 7. April 2022). In the last week of April, the system performedover 500 tons per day with an average head grade of 9.59 ounces AgÄ* Per ton and a weighted combined metal recovery rate of 72.29%.
See “Warning about production without mineral reserves” at the end of this press release.
Both Exploration drilling is underway in DIt’s a mining unit thong Significant intervals of silver (gold) polymetallic mineralization persisted near existing minerals Underground Infrastructure digging. These minerals will be used to feed the plant recovery JIt is transported if it increases to 720 tons per day in the next quarter.
Given this continuous exploration andIntended to succeed in the development of mines silver X will release a new NI 43-101 compliant technical report with a mineral resource update in May.
“April Delivered a very positive start to the second quarter for silver X Post production in the fully rehabilitated facility recovery Garcia, CEO of silver X. “We will continue to simplify mine development, increase productivity and Sales focus In the Expand in the coming quarters. We look forward to announcing additional exploration results and an updated resource estimate soon. “
Cautionary note regarding production without mineral reserves
The decision to start production on the project noiva recovery The Company’s ongoing mining operations referred to herein (“Production and Operations Decision”) are based on economic models prepared by the Company in conjunction with management’s knowledge of the property and the current estimate of mineral resources inferred on the property. The production and operation decision does not depend on a preliminary economic evaluation, a preliminary feasibility study, or a feasibility study for mineral reserves that demonstrates the economic and technical feasibility. Accordingly, there is an increase in uncertainty and economic and technical risks of failure associated with production and operations decision, particularly the risk that metal grades will be lower than expected; The risk that additional construction or mine work in progress will be more difficult or more expensive than anticipated, production and economic variables may vary significantly due to the lack of detailed economic and technical analysis compliant with NI 43-101.
Mr. A. David Hale is a Qualified Person (QP) as defined in NI 43-101 and is responsible for the technical content of this press release silver X checked and approved. Mr. Hill, Bachelor of Science, CPG, QP is a Certified Professional Geologist A qualified person as defined in NI 43-101. With over 25 years of field experience and senior management, Mr. Hill has a solid geological background in the design and implementation of exploration programs for gold, rare earths, base metals and mining that have led to multiple discoveries. Mr. Hill has 20 years of experience in Peru. he was working bark Gould, was Director of Exploration for Southern Peru Copper and spent twelve years operating and supervising underground and open-pit mines in North, Central and South America. Mr. A. David Heyl is a consultant silver X Mining Corp.
above silver X . mining
silver X is a Canadian silver mining company with projects in Peru. The main project of the company is dLike silver– Gold, lead, zinc and copper project noiva recovery (which – which”project“) at HuancavelicaPeru. mining unit thong The project is located 100 km north-northwest of the polymer area plant concentrate noiva recovery. The founders and management have a proven track record of increasing shareholder value. For more information visit our website www.silverxmining.com.
FAbout the council
Jose M Garcia
CEO and Director
For more information please contact:
Silver X Mining Corp.
Jose M Garcia, CEO
+1 604358 1382 | [email protected]
SILVER X MINING CORP.
Suite 1430 – 800 West Bender Street
Vancouver, BC V6C 2V6
The TSX Venture Exchange and the regulators (referred to in the TSX Venture Exchange Policies as Regulatory Service Providers) assume no responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding “forward-looking” information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking information”). In general, forward-looking information may be identified by the use of forward-looking words such as “plans”, “expects” or “does not anticipate”, “expects”, “budget”, “plans”, “estimates”, “expects” or “intends”. or “expects,” “does not expect,” “believes,” or variations of these words and phrases states that some action, event, or outcome “could,” “could,” “could,” occur or materialize: or “would.” All information in this press release, other than statements of current or historical facts, are forward-looking information. The forward-looking information contained in this press release may include, but is not limited to, exploration plans, results of operations, expected project performance, capacity for new areas on the project, and near-term raw materials for the plant. noiva recovery The company to be delivered The company’s opinion that the system thong It offers great potential for resource expansion so that the company is able to mine the mining unit thong for its economic recovery and the expected financial performance of the company.
The following are some of the assumptions on which the forward-looking information is based: that general business and economic conditions will not change adversely; that the demand for the goods we produce and prices will remain stable or improve; That regulatory and governmental approvals, approvals and extensions are given in a timely manner; That the company will not be exposed to any major accidents, labor disputes, factory or equipment malfunctions, or any other major disruption in the company’s operations in the project and in the facility noiva recovery Availability of financing for operations and development will suffer; The company’s ability to obtain adequate quantities and supplies of equipment and supplies in a timely manner; that the project resource estimates and the geological, operational and pricing assumptions on which they are based and the Company’s operations are reasonable (including size, degree and payback); The company’s ability to attract and retain qualified employees and managers; The ability of management to implement strategic objectives.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, activities, performance or achievements to differ materially from those expressed or implied in such forward-looking information, including, but not limited to those risks discussed. In the company’s annual and interim management reports (MD&A) and in public filings from time to time www.sedar.com It is published and described. Forward-looking statements are based on management’s opinions and estimates as of the date the statements were made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to appear as expected or intended. There can be no assurance that such information will prove to be accurate because actual results and future events could differ materially from those projected in such statements. Accordingly, readers should not rely excessively on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
The source language (usually English) in which the original text is published is the official, authorized, and legal version. This translation is included for better understanding. The German version can be abbreviated or abbreviated. No responsibility or liability is accepted for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the report does not constitute a buy or sell recommendation! Please refer to the original English message www.sedar.comAnd www.sec.govAnd www.asx.com.au/ Or on the company’s website!
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